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Jan 17, 2015
01/15
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a record 7534 patents granted in 2014 for ibm. it is the 22nd year that ibm has been granted more patents. but it has been the worst performance on the dow two years in a row. does intellectual property and r&d really help the bottom line? i started by asking what benefit ibm really gets from all these patent applications. >> it has been a very big focus of the company, 22 years. for the company, for them, traditionally patents are thought to signal where future innovation might come. he is, new things where they are sticking their claim and using their big research to figure out what is next. the big question, like you said, for ibm, can they use these patents to raise these constantly falling sales for the past three years? in terms of whether or not they are actually making products that their customers want with these patents, it is a big question at ibm. >> i want to say, invention good, technology good, but this does beg the collection -- the question what is the real value for ibm? >> it is largely a numbers game. when you
a record 7534 patents granted in 2014 for ibm. it is the 22nd year that ibm has been granted more patents. but it has been the worst performance on the dow two years in a row. does intellectual property and r&d really help the bottom line? i started by asking what benefit ibm really gets from all these patent applications. >> it has been a very big focus of the company, 22 years. for the company, for them, traditionally patents are thought to signal where future innovation might come....
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Jan 1, 2015
01/15
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KQED
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ibm shares dropped hard this year. in fact ibm was the worst performer in the dow. one knot on big blue is the company initially missed just how disruptive cloud technology would be to its traditional businesses. >> you have the small cloud players that don't have and don't need a lot of infrastructure and can offer a solution that can cost a whole lot less and come in more quickly. i think ibm not to say was blind sided but really caught off guard. >> reporter: now changing course at ibm but drawing the cloud business organically as well as by making acquisitions. ibm expects to generate at least $7 billion in cloud revenue by 2015. ibm bowls points to other reason for optimistism as well. they say the stock isn't investive and a 20 year low, a possible contrarian indicator. ibm is an iconic global brand that has reinvented itself in the past. the question now is whether they can execute another transformation of big blue. if not, she risks another disappointing year for her shareholders. for "nightly business re josh lipton in silicon valley. >> every year this ti
ibm shares dropped hard this year. in fact ibm was the worst performer in the dow. one knot on big blue is the company initially missed just how disruptive cloud technology would be to its traditional businesses. >> you have the small cloud players that don't have and don't need a lot of infrastructure and can offer a solution that can cost a whole lot less and come in more quickly. i think ibm not to say was blind sided but really caught off guard. >> reporter: now changing course...
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Jan 23, 2015
01/15
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BLOOMBERG
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ibm does not have to lose for apple or salesforce to win. >> what about a company like microsoft? >> i think there are product buts that could be harmed, as a whole company they don't necessarily have to lose. >> so companies like microsoft, google, amazon are dropping the price of cloud storage. how does that affect box? >> we love that. it is cheaper on the supply side . the cheaper the data gets, the more we can store. >> you recently took on $150 million in funding. seen, we may have filed to go public in march of this year. about a week after we filed, there was a bit of a market correction in tech stocks, so you saw quite a bit of volatility in high-growth technology companies. we decided that it wasn't the best time to bring a new company to market. from somezing support private market, late stage investors that were interested in supporting the company as a private company. so we took that money on to be able to continue to invest in growth and the business model without going public. >> how much did you wonder, did we make a mistake, did we filed too soon? >> it was obvio
ibm does not have to lose for apple or salesforce to win. >> what about a company like microsoft? >> i think there are product buts that could be harmed, as a whole company they don't necessarily have to lose. >> so companies like microsoft, google, amazon are dropping the price of cloud storage. how does that affect box? >> we love that. it is cheaper on the supply side . the cheaper the data gets, the more we can store. >> you recently took on $150 million in...
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Jan 26, 2015
01/15
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FBC
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ibm laying off to me shows they are disorganized. charles: they are. lou tkpwrerber iercame into ibms dying, immediately announced 9 9 million in reorganization, cut 35,000 jobs, sole assets, and 35,000 jobs, he did what he had to do, this is what angers people on main street, a lot of people who don't want to invest in market, what is good for wall street, ibm made a amazing come back is not often goodo main street. >> but, it makes sense we're dealing with balance sheets, i am not saying it is fair for main street, it not for for those outlooking for jobs, that is really terrible. when you look at a company that needs to be making profits for shareholders they have do this, that is the bottom line. >> and looking long-term. it paid off well, ibm last year hired 45,000 people, and that have 15,000 openings right now, they are shifting workforce. that is say good move. i don't think we're in the same situation, 50,000 could lose their job, ibm is a bit of prub toltrouble to me. charles: i think that ceo is being shao* to she is being too. go on a spend
ibm laying off to me shows they are disorganized. charles: they are. lou tkpwrerber iercame into ibms dying, immediately announced 9 9 million in reorganization, cut 35,000 jobs, sole assets, and 35,000 jobs, he did what he had to do, this is what angers people on main street, a lot of people who don't want to invest in market, what is good for wall street, ibm made a amazing come back is not often goodo main street. >> but, it makes sense we're dealing with balance sheets, i am not...
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Jan 23, 2015
01/15
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hp splitting up, ibms struggling. when it comes to incumbents versus startups, how does it play out? >> every couple decades you have this changing of the guard, as it were. startups that are really optimizing disruption have the opportunity to take advantage of that and potentially build the next era of ibm and hp and microsoft. at the same time, you have incumbents that have a lot of cash, led by smart and astute leaders who understand the change. the changes are because they know they are being disrupted. >> peter thiel said that hp is a bet against innovation. >> it is certainly a provocative statement. in terms of relevance, you have leaders of these companies that are recognizing that their previous strategy would have led to irrelevance, and they have to change that. we have the view that everything is zero-sum. ibm doesn't have to lose for apple to win or for salesforce to win. >> what about microsoft, a company you grew up with? >> there are specific product areas that could potentially be harmed by this tran
hp splitting up, ibms struggling. when it comes to incumbents versus startups, how does it play out? >> every couple decades you have this changing of the guard, as it were. startups that are really optimizing disruption have the opportunity to take advantage of that and potentially build the next era of ibm and hp and microsoft. at the same time, you have incumbents that have a lot of cash, led by smart and astute leaders who understand the change. the changes are because they know they...
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Jan 20, 2015
01/15
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it is good news for ibm. we are looking to see if they resolve issues they have had with software which makes three quarters of the revenue growth for the entire company. the fourth quarter, that will be the first question investors have. how did things do? second, what is the allocation strategy? are they looking to take money that they have historically spent on buybacks and dividends and regular -- relegate some of that to rmb? they spend about 6% of sales on r&d. is it time to boost that number to go after competitors? third on the docket for them for sure is going to be what is the company going to do in 2015? they throughout the roadmap. rometty needs to come in and lay out a very step-by-step plan to ease the concerns of investors. we saw the shares dropped and a lot of that was after the third-quarter earnings when they throughout the roadmap. that is what we will really be paying attention to in terms of what they have to say after the market close. >> there is a precedent for ibm throwing out not ju
it is good news for ibm. we are looking to see if they resolve issues they have had with software which makes three quarters of the revenue growth for the entire company. the fourth quarter, that will be the first question investors have. how did things do? second, what is the allocation strategy? are they looking to take money that they have historically spent on buybacks and dividends and regular -- relegate some of that to rmb? they spend about 6% of sales on r&d. is it time to boost...
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Jan 31, 2015
01/15
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ibm struggling. when it comes to incumbents versus startups, how does it play out? >> so every couple of decades, you have this sort of changing of the guard as it were. startups that are really optimized for that disruption have an opportunity to take advantage of that and potentially build the next era of ibm and hp and microsoft. at the same time, you do have incumbents that have a lot of cash. they are led by incredibly smart and astute leaders that understand this change. the changes you are seeing are driven specifically because they know they are being disrupted. clips peter teel said to me for example hp is not a technology , company anymore. it is a bet against innovation. >> that is a provocative statement. but i think in terms of relevance, you have leaders of these companies that are recognizing that their previous strategy would have lead to irrelevance and they have to change that. we have this view that everything is zero sum. ibm does not have to lose for apple to win. or for salesforce to win. >> what about microsoft? a company that you grew up with
ibm struggling. when it comes to incumbents versus startups, how does it play out? >> so every couple of decades, you have this sort of changing of the guard as it were. startups that are really optimized for that disruption have an opportunity to take advantage of that and potentially build the next era of ibm and hp and microsoft. at the same time, you do have incumbents that have a lot of cash. they are led by incredibly smart and astute leaders that understand this change. the changes...
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Jan 20, 2015
01/15
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ibm, what's the big deal? i think the fact they continue to miss on the revenue side off of what has been probably really compressed expectations lead me to believe that although the stock might rally to that 165 level, every rally in the stock for the last 24 months has been a sale and again i think that trend continues. you know what else continues tonight on "fast money"? we're going to have a tag team street fight. first time ever kelly. you better tune in man. this is going to be nuts. >> you're getting ahead of yourself. we have to go back to dan ives because before we let you go just cure flus toious to gai's point, every rally has been a point. what does it take in terms of numbers and guidance to turn it around? >> i think it's about giving investors comfort in the cloud transition, in that road map. you compare it with what that dell has done and microsoft, he's done all the right thing. i think it's about giving the playbook. it's not just talking the talk but walking the walk. >> dan, thank you for
ibm, what's the big deal? i think the fact they continue to miss on the revenue side off of what has been probably really compressed expectations lead me to believe that although the stock might rally to that 165 level, every rally in the stock for the last 24 months has been a sale and again i think that trend continues. you know what else continues tonight on "fast money"? we're going to have a tag team street fight. first time ever kelly. you better tune in man. this is going to be...
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Jan 31, 2015
01/15
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BLOOMBERG
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ibm does not have to lose for apple to win. or for salesforce to win. >> what about a company like microsoft? a company that you grew up with. >> i think there are specific product areas that could potentially lose or be harmed by some of this transition, but then there is an entire company at the macro level that does not necessarily have to lose. >> so companies like microsoft, google, amazon are dropping the price of cloud storage. how much of a threat is that to box? >> we love that. the same unit of storage is now a 40th the price as it was 10 years ago. on the supply side of our business. so the cheaper that storage gets, the more data that we can store for a customer, and the more we can deliver unique experiences around the content. >> you recently took on $150 million in funding from tpg and coatue. the company is now valued at $2.4 billion. why do you take that money? >> as you may have seen, we have filed to go public in march of this year. and then basically about a week after we filed to go public, there was a bit
ibm does not have to lose for apple to win. or for salesforce to win. >> what about a company like microsoft? a company that you grew up with. >> i think there are specific product areas that could potentially lose or be harmed by some of this transition, but then there is an entire company at the macro level that does not necessarily have to lose. >> so companies like microsoft, google, amazon are dropping the price of cloud storage. how much of a threat is that to box?...
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Jan 21, 2015
01/15
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FBC
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ibm made a forecast. ibm is down. ibm is a dow stock. the dow would be at 100 points. look at goals, please. we've crossed $1300 an ounce. loyola, have we hit a bottom? we have been around 47 for a long time. national average for a gallon of gas keeps on falling. i like this one. twenty-six states in the $1 club. what is that little square. >> i am glad that somebody can identified. >> it is a great state. >> taking a lot of time here. the cheapest gas in the lands. where is it? >> san antinomy of, texas. >> i call it san antonio. i am from florida. what do i know? stuart: check out this video. $1.63 a gallon for regular. not quite the lowest in the land. chris is with us. all right wrists. >> i want to disassociate myself with any remarks about south dakota. stuart: cheap gas. we think it is the best stimulus that we've got. >> the politician will take credit for the sun coming up in the morning, if you give them the chance. that is their job. they have always been the same. they are unchanging. when the economy was very fat, he said his policies were necessary to rev
ibm made a forecast. ibm is down. ibm is a dow stock. the dow would be at 100 points. look at goals, please. we've crossed $1300 an ounce. loyola, have we hit a bottom? we have been around 47 for a long time. national average for a gallon of gas keeps on falling. i like this one. twenty-six states in the $1 club. what is that little square. >> i am glad that somebody can identified. >> it is a great state. >> taking a lot of time here. the cheapest gas in the lands. where is...
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Jan 21, 2015
01/15
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KQEH
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big takeaway that ibm getting smaller. the company went from over a billion shares at the end of 2013 and as of december 31st they had 991 million shares. people said as their year over year revenues declined for seven straight quarters over the watch right now, the thing that's helped them on the bottom line is the share buyback and share reduction. some people call it financial engineering but top defense raters with the share cap now so low, below a billion for a company this size it could very well make them vulnerable perhaps to shareholders with a big stake and try to call the shots. >> something to keep an eye on from bertha coombs in times square at the nasdaq. thank you. >>> after the bell tonight, netflix with blowout earnings last quarter after adding 4.3 million more subscribers. that was far more than expected after adjusting for certain items, the streaming video service took in 72 cents per share, easily topping estimates of just 45 cents. despite cost cuts and all those new subscribers though revenues were
big takeaway that ibm getting smaller. the company went from over a billion shares at the end of 2013 and as of december 31st they had 991 million shares. people said as their year over year revenues declined for seven straight quarters over the watch right now, the thing that's helped them on the bottom line is the share buyback and share reduction. some people call it financial engineering but top defense raters with the share cap now so low, below a billion for a company this size it could...
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Jan 27, 2015
01/15
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CNBC
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as a raw material. >> no, but ibm has real issues and ibm will be cutting costs and ibm will be firing a lot of people. if you tell me how that's good for wage growth and consumer demand i'm all ears. >> let's look at the job picture right now. u.s. economy is averaging over . . . . the stock in the u.s. is going to represent that. we're going higher, not lower. >> well, the blizzard of 2015 was not as bad as expected for the new york area. it is rippling air travel all across the country. c northbound's phil lebeau is live at the united airlines flight operations center in chicago. hey, phil. >> cancellations now total 5,000. it's for all airlines here in the united states. here's a look at the current flight route map, if you will, in terms of number of flights that are out there. you see the storm there hovering over the new england as well as parts of new york and that is still certainly restricting flights in that area. hartford, boston, those guys are closed for today and likely tomorrow as well. here at united, clearly they have a hub at newark, and the focus of the operations t
as a raw material. >> no, but ibm has real issues and ibm will be cutting costs and ibm will be firing a lot of people. if you tell me how that's good for wage growth and consumer demand i'm all ears. >> let's look at the job picture right now. u.s. economy is averaging over . . . . the stock in the u.s. is going to represent that. we're going higher, not lower. >> well, the blizzard of 2015 was not as bad as expected for the new york area. it is rippling air travel all across...
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Jan 30, 2015
01/15
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BLOOMBERG
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ibm had a rough year. an sec filing shows she filed a $36 million bonus in 2014. the company posted its second year of profit decline. the first salary decreases taking the helm. spotify will be working with goldman sachs on a new round of private financing. seeking another half $1 billion. now apple has conquered the chinese smartphone market. next up what? global domination? they nearly tied samson for global leadership in smart phone sales. both comedy shift 70 -- 70.5 million smart phones in the fourth quarter. apple applied several strategies to find success in the largest market. the iphone 5 model. holding the line on pricing. the iphone 6 and iphone 6 plus put apple over the top. how would push past makers but xiaomi and lenovo at a higher price? i'm joined from milton kings, england. let's start in england. how would you do find these results and how surprising his this turnaround? >> the results are really good. they had a really strong quarter. they blew past pre-much everybody's expectations. it is well-known they're going through a tough period at the
ibm had a rough year. an sec filing shows she filed a $36 million bonus in 2014. the company posted its second year of profit decline. the first salary decreases taking the helm. spotify will be working with goldman sachs on a new round of private financing. seeking another half $1 billion. now apple has conquered the chinese smartphone market. next up what? global domination? they nearly tied samson for global leadership in smart phone sales. both comedy shift 70 -- 70.5 million smart phones...
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Jan 31, 2015
01/15
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BLOOMBERG
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ibm had a rough year. an sec filing shows she filed a $3.6 million bonus in 2014. the company posted its second year of profit decline. the first salary increases taking the helm. spotify will be working with goldman sachs on a new round of private financing. seeking another half $1 billion. now to the lead. now apple has conquered the chinese smartphone market. next up, what? global domination? they nearly tied samson for global leadership in smart phone sales for the first time since 2011. both companies shipped 70.5 million smart phones in the fourth quarter. giving each company 19.6% of the market. apple applied several strategies to find success in the world'slargest market. from launching the cheaper iphone 5 model. opening more stores. holding the line on pricing. the iphone 6 and iphone 6 plus that put apple over the top. how would apple push past popular chinese makers like xiaomi and lenovo at a higher price? neill mawston joins me now via skype from milton kings, england. he is executive director. let's start in england. how would you do find these resul
ibm had a rough year. an sec filing shows she filed a $3.6 million bonus in 2014. the company posted its second year of profit decline. the first salary increases taking the helm. spotify will be working with goldman sachs on a new round of private financing. seeking another half $1 billion. now to the lead. now apple has conquered the chinese smartphone market. next up, what? global domination? they nearly tied samson for global leadership in smart phone sales for the first time since 2011....
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Jan 2, 2015
01/15
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people must think there's magic to doing this. >> ibm needs the help right? we don't want to see it for the third year in a row become the worst performing stock in the dow. >> we're going to talk ibm with herb greenburg later on and mary thompson. but first straight over to bertha coombs with the nasdaq. how's it looking there? >> again, we saw the same situation there. we started off positive off the gate. the big caps are weak. apple of course which is partnering with ibm in the enterprise space these days that doesn't seem to be exciting anyone. certainly on apple's part. you had fred wilson the investor saying he doesn't think the iwatch is going to be that big a deal. i don't think so either. there's a lot of competition in wearables that will take awhile to sort itself out. it really is the russell 2000 and the small cap who is are the worst performers here in the day. they were the worst performers last year laggards. and they're laggards again today. even though we did see a move in recovery up in highs. what's bucking the trend today interestingly e
people must think there's magic to doing this. >> ibm needs the help right? we don't want to see it for the third year in a row become the worst performing stock in the dow. >> we're going to talk ibm with herb greenburg later on and mary thompson. but first straight over to bertha coombs with the nasdaq. how's it looking there? >> again, we saw the same situation there. we started off positive off the gate. the big caps are weak. apple of course which is partnering with ibm...
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Jan 9, 2015
01/15
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BLOOMBERG
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hp splitting up, ibms struggling. when it comes to incumbents versus startups, how does it play out? >> every couple decades you have this changing of the guard, as it were. startups that are really optimizing disruption have the opportunity to take advantage of that and potentially build the next era of ibm and hp and microsoft. at the same time, you have incumbents that have a lot of cash led by smart and astute leaders who understand the change. the changes are because they know they are being disrupted. >> peter thiel said that hp is a bet against innovation. >> it is certainly a provocative statement. in terms of relevance, you have leaders of these companies that are recognizing that their previous strategy would have led to irrelevance and they have to change that. we have the view that everything is zero-sum. ibm doesn't have to lose for apple to win or for salesforce to win. >> what about microsoft, a company you grew up with? >> there are specific product areas that could potentially be harmed by this transi
hp splitting up, ibms struggling. when it comes to incumbents versus startups, how does it play out? >> every couple decades you have this changing of the guard, as it were. startups that are really optimizing disruption have the opportunity to take advantage of that and potentially build the next era of ibm and hp and microsoft. at the same time, you have incumbents that have a lot of cash led by smart and astute leaders who understand the change. the changes are because they know they...
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Jan 2, 2015
01/15
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CNBC
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that makes them all tough. >> you have a bet on ibm, correct is this. >> i do. i'm on the opposite side of the fence from steve. it think it is still a premium to have ibm running your systems at the enterprise level. and i've already put my money and mouth behind. it so we'll see. >> what does rometty have to prove this year? >> 2014 was the throw in the kitchen sink. she removed guidance. sold a lot of crummy businesses. this has to be execution year. and if she doesn't execute in the first two quarters i think she has to worry about her job security. >> and dick costolo's name comes up the most in 2015 management issues. anyone want to buy twitter on the bet? >> if he leaves or however it hans, they separate, sure the stock will pop depending who they bring in. but the question is what is the plan going forward? you need a vision there. it is the only one who really hasn't enhanced meaningful their profile to get more there for longer periods of time. >>> and coming up will the apple watch be a game changer? and dog ordeal. and we've got two traders ready to
that makes them all tough. >> you have a bet on ibm, correct is this. >> i do. i'm on the opposite side of the fence from steve. it think it is still a premium to have ibm running your systems at the enterprise level. and i've already put my money and mouth behind. it so we'll see. >> what does rometty have to prove this year? >> 2014 was the throw in the kitchen sink. she removed guidance. sold a lot of crummy businesses. this has to be execution year. and if she...
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Jan 21, 2015
01/15
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CNBC
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you know what the difference is here between, say, the ibm and nfl? ibm is going to lose right? and bad. at the bottom of the division. but they don't get a high draft choice because they failed to do well. there are no draft choices in this game and there's no medals for stocks down $4.80 in a single session. of course there was another positive. the key hmo you nighted health that was especially meaningful because last week they were downgraded. now, if you're a voracious short seller like a lot of the bozo hedge funds, this likes like a situation. we've also got two good bank quarters, this time from u.s. bane bank corp. they show you once again that the real problems are with the big and hard to understand and unwined banks. notice wells was almost back to when there was so much hammering about that quarter, that it was a bad one. it was a good one, people. and we had oil stabilized that matters too. it's not the direction but the velocity. oil has now stabltized in the mid-40s which allows oil companies to catch their breath. that's how chev ron neighbors in weatherford can
you know what the difference is here between, say, the ibm and nfl? ibm is going to lose right? and bad. at the bottom of the division. but they don't get a high draft choice because they failed to do well. there are no draft choices in this game and there's no medals for stocks down $4.80 in a single session. of course there was another positive. the key hmo you nighted health that was especially meaningful because last week they were downgraded. now, if you're a voracious short seller like a...
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Jan 21, 2015
01/15
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into things that ibm can sell? . you get that -- >> he did that for him staring in the mirror. myself and my team has taken things out of the fundamental physics lab and put it in your devices and pockets. when i started at ibm it was semiconductors. reinvented a technology that extends the life of silicone. it is in every device in the world, almost. we made it happen, got it in the field, and it was a huge difference. >> what are you doing to differentiate yourself? >> and you look at big data, it is an empty set of words. there is a great example with a children's hospital in trenton to give you an example of why it matters. a baby is born prematurely with minimal defenses against infection. these children become septic highly infected, and you do not know until their bodies collapse and they die rapidly. it is called baby crashing. it is a war to see a baby that looked great one minute and is dead the next. we collected every imaginable piece of data on this child's body and we looked at any baby that went thro
into things that ibm can sell? . you get that -- >> he did that for him staring in the mirror. myself and my team has taken things out of the fundamental physics lab and put it in your devices and pockets. when i started at ibm it was semiconductors. reinvented a technology that extends the life of silicone. it is in every device in the world, almost. we made it happen, got it in the field, and it was a huge difference. >> what are you doing to differentiate yourself? >> and...
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Jan 26, 2015
01/15
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take a look at this chart of ibm. there were rumors that ibm was getting ready to embark on a huge layoff. more than 100,000 workers. i've been in touch with ibm's side and they're shooting down this report. they said they were taking a charge of $600 million for restructuring. that would if you look at historical rates be a restructuring of less than 10,000 workers, if you take a look at how much these workers cost. somewhere around 70, 80,000 per worker. not clear exactly how this rumor got started. ibm's side of things shooting this down. moving on, shares of microsoft sliding lower this morning as investors await earnings coming this afternoon after the bell. the software giant's q2 earnings. also still digesting the big unveil last week which include the the microsoft surface hub and a brand new browser. these earnings are going to be interesting in particular because it's the holiday season, it's a big xbox quarter. also, we get to see a little bit more on the surface. not on the surface, but the actual computer
take a look at this chart of ibm. there were rumors that ibm was getting ready to embark on a huge layoff. more than 100,000 workers. i've been in touch with ibm's side and they're shooting down this report. they said they were taking a charge of $600 million for restructuring. that would if you look at historical rates be a restructuring of less than 10,000 workers, if you take a look at how much these workers cost. somewhere around 70, 80,000 per worker. not clear exactly how this rumor got...
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Jan 21, 2015
01/15
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ibm, i like ibm. it's ibm. sponsor the masters along with at&t and exxon. if it goes theway of kodak or digital equipment it would be a tragedy. we'll see. amd. warning it's current quarter revenue will fall short. it's about a $2 million cap company now. weak sales of graphic cards. netflix, shares soaring in early trade. adding 4.3 million subscribers in the last quarter. the big driver overseas groethd offsetting a slow down in the united states. >> let's get a check on the markets this morning. we have been watching what the futures have been up to. if you take a look you'll see at least in this hour the futures are relatively flat. you're looking at the s&p barely budging. dow futures down by 7 points. also if you take a look at the early trade in europe this morning, at this point you'll see that the european markets are relatively flat as well although the ftse has a gain of three quarters of a%. in asia the bank of japan with it's stimulus. encourage banks to boost lending and you see in asia overnight the shanghai was up by 4.7%. this is coming aft
ibm, i like ibm. it's ibm. sponsor the masters along with at&t and exxon. if it goes theway of kodak or digital equipment it would be a tragedy. we'll see. amd. warning it's current quarter revenue will fall short. it's about a $2 million cap company now. weak sales of graphic cards. netflix, shares soaring in early trade. adding 4.3 million subscribers in the last quarter. the big driver overseas groethd offsetting a slow down in the united states. >> let's get a check on the markets...
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Jan 29, 2015
01/15
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the enterprise. >> i think the partnership with ibm. and the work we have going on the enterprise is profound. i think we're going to change the way people work. i'm really excited about the apps that are coming out and how fast the partnership is getting up and running. >> now the big question for investors is whether apple can keep the momentum going. one way the tech giant can keep pleasing shareholders boost the capital return program. certainly apple can afford it. it's current cash pile $178 billion for nightly business report i'm josh lipton in silicon valley. >> the next big sector to report latest quarterly earnings this season will be the oil majors with demands so low and oil prices sliding nearly 60% over the next 7 months. what should investors expect from the energy sector. >> earnings season kind of like the super bowl on wall street. we've heard from the banks and some big names in tech. what will energy companies have to say now that oil's trading around $45 a barrel. it all kicks off tomorrow with conoco phillips valer
the enterprise. >> i think the partnership with ibm. and the work we have going on the enterprise is profound. i think we're going to change the way people work. i'm really excited about the apps that are coming out and how fast the partnership is getting up and running. >> now the big question for investors is whether apple can keep the momentum going. one way the tech giant can keep pleasing shareholders boost the capital return program. certainly apple can afford it. it's current...
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Jan 21, 2015
01/15
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got to get to ibm as well. better than expected fourth quarter operating earnings of 581, consensus -- it misses by the way as big blue fails to generate year-over-year sales for an 11th consecutive quarter. full year guidance below street forecast. earlier, the ibm cfo expressed optimism about the growth prospects. >> as we shift to value and our strategy's very much around the shift of value, as we shift to value in the clouds and analytic we see very good margin opportunities and growth prospects. >> obviously very tough services revenue down seven. >> cash flow flat according to what we heard. >> no outlook for increased revenue in 2015. >> they are the most optimistically pessimist people. isn't it terrific to rebuilding here. >> it's a reset. >> reset. >> yes. i don't know what you do other than what they're trying to do. the question is when they're going to be able to successfully execute over time. your points are well taken, why would i want to own the stock during transition? if i'm on the board of d
got to get to ibm as well. better than expected fourth quarter operating earnings of 581, consensus -- it misses by the way as big blue fails to generate year-over-year sales for an 11th consecutive quarter. full year guidance below street forecast. earlier, the ibm cfo expressed optimism about the growth prospects. >> as we shift to value and our strategy's very much around the shift of value, as we shift to value in the clouds and analytic we see very good margin opportunities and...
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Jan 20, 2015
01/15
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watch them focus on ibm. again, i'm going to go over that story with a fine tooth comb so i can come in and be negative about netflix tomorrow and join the crowd. the mood out there is still ugly and rabid and still articles that are negative. we're going to have to run the gauntlet of the negative news coverage. don't let it fake you out or you're liable to miss the next rally like so many. hey, you know what we ought to go to dave in florida. dave. >> hey, jim. johnson beach, florida. >> i've been there, love it. what's up? >> trying to help my 83-year-old mother update her portfolio and thanks to your help it's been going great. the last one on the list is price line. she bought it. it's been good but time to ring the cash register. >> yes, i think there's a lot of competition. i think the stock will get hammered. if you want to get back in maybe. this industry has gotten competitive. that does worry me. can we go to ron in maryland? ron. >> yes, jim. maryland. maryland. >> yeah, that's right. i forgot. go
watch them focus on ibm. again, i'm going to go over that story with a fine tooth comb so i can come in and be negative about netflix tomorrow and join the crowd. the mood out there is still ugly and rabid and still articles that are negative. we're going to have to run the gauntlet of the negative news coverage. don't let it fake you out or you're liable to miss the next rally like so many. hey, you know what we ought to go to dave in florida. dave. >> hey, jim. johnson beach, florida....
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Jan 16, 2015
01/15
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. >> ibm even more so. ibm's worked out. >> yes. and having said that i mean i agreed with your guest before. i mean we're long apple, for example. because you're getting apple at a lower multiple than hewlett-packard or some of the others and yet it's growing, innovating, throwing off tons of cash. >> they sold everything. >> services company. >> services. i wouldn't put ibm -- we have been short ipm but wouldn't put it in the pc. >> what do you think about intel? >> we're short intel. >> wait a second. you're short intel? is this a new effort? >> i don't tell you all my short positions all the time becky. sorry. we've been short intel probably better part of this year. six months. >> what was the catalyst for that? >> same idea. i think joe mentioned earlier this morning the stock has been between 15 and 25 forever. and it's got the same challenges. i'm going to be curious to hear what the ceo says about the balance sheet and some other issues we saw on the balance sheet last night. >> one thing that intel has done is kind of deci
. >> ibm even more so. ibm's worked out. >> yes. and having said that i mean i agreed with your guest before. i mean we're long apple, for example. because you're getting apple at a lower multiple than hewlett-packard or some of the others and yet it's growing, innovating, throwing off tons of cash. >> they sold everything. >> services company. >> services. i wouldn't put ibm -- we have been short ipm but wouldn't put it in the pc. >> what do you think about...
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Jan 20, 2015
01/15
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let's get to our first company of the season and that would be ibm. john, what are we expecting here? >> we're looking for revenues of around 24.8 billion dollars, eps of $5.43. perhaps more importantly, we're looking for 2015 guidance, and that guidance is where sap and other enterprise company athat relies heavily on software had trouble this morning. it was on the transition to the cloud, which ibm likes to talk about. they've set $7 billion in revenue. cloud revenue for 2015. we want to see what more they have to say about that. also, they've been counting on growth in emerging markets, which they've had a hard time recently. we want to see how that impacts the total business. also, how they're looking now with just over $7 billion worth of businesses that were lower performing marginalized. the signing numbers important. we're looking for $17.5 billion. >> for a company like ibm, this is the performance. down 18% over the past year. it is the worse performing stock in the dow last year. 25% is from software revenues. according to what s.a.p. said
let's get to our first company of the season and that would be ibm. john, what are we expecting here? >> we're looking for revenues of around 24.8 billion dollars, eps of $5.43. perhaps more importantly, we're looking for 2015 guidance, and that guidance is where sap and other enterprise company athat relies heavily on software had trouble this morning. it was on the transition to the cloud, which ibm likes to talk about. they've set $7 billion in revenue. cloud revenue for 2015. we want...
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Jan 29, 2015
01/15
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it appears that the latest round of ibm layoffs and started. worker's rights groups have notified -- the exact number is unclear. he has left after being passed over to lead the division at ibm. facebook's mobile machine -- cranking out 3.8 5 billion. $296 million, percentage of ad sales from mobile is 69% over the quarter. it is a mobile company. the social network says it has more than a billion active users. for more, i'm joined by david kirkpatrick in new york, author of "the facebook effect. " she is presudebntident a strategic partnerships. how do you see this playing out? >> it is almost getting boringly predictable. they have beaten nine or 10 wars in a row. i thought it was so interesting how zuckerberg answered questions about putting the wrong emphasis in the developing world. he takes such a long-term view. >> yes i heard that. i love that. it was an amazing moment. >> long-term. >> you are not an investor if not long-term. >> if you really want short-term, do not invest with us. corey, i have to say, the thing that most blows me aw
it appears that the latest round of ibm layoffs and started. worker's rights groups have notified -- the exact number is unclear. he has left after being passed over to lead the division at ibm. facebook's mobile machine -- cranking out 3.8 5 billion. $296 million, percentage of ad sales from mobile is 69% over the quarter. it is a mobile company. the social network says it has more than a billion active users. for more, i'm joined by david kirkpatrick in new york, author of "the facebook...
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Jan 20, 2015
01/15
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. >> keep it here for netflix and ibm after the belle. we'll send it over to scott wapner and the "halftime report." >> welcome to the halftime show. meet our starting lineup, stephanie link, the co portfolio manager of jim cramer's charitable trust. josh brown, ceo of rid holtz wealth management, john najarian, option munster, and dan greenhouse with us today for the hour. our game plan looks like this. top gun, a hedge fund manager who returned nearly 60% in 2014 is with us exclusively. how his commodities focused fund keeps winning and where oil is going next. streaming success. can netflix deliver on its earnings tonight and what's the best trade ahead of those numbers. we do begin with the start of what we're calling the market's moment of truth. a big week of earnings, the busiest thus far. critical ecb meeting in which europe's central bank could announce its own qe program. throw in fresh concerns about china's growth, fallout from the swiss franc frack cuss, president's state of the union address and investors have plenty to cons
. >> keep it here for netflix and ibm after the belle. we'll send it over to scott wapner and the "halftime report." >> welcome to the halftime show. meet our starting lineup, stephanie link, the co portfolio manager of jim cramer's charitable trust. josh brown, ceo of rid holtz wealth management, john najarian, option munster, and dan greenhouse with us today for the hour. our game plan looks like this. top gun, a hedge fund manager who returned nearly 60% in 2014 is with...
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Jan 20, 2015
01/15
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after the bell it's all about ibm and netflix. tomorrow american express, ebay report after the close. thursday thursday,verizon. brian reynolds is still with us. it's been a bumpy start to the earnings season given the mixed message banks were telling us last week but do you think with the focus more on the consumer netflix, mcdonald's, others reporting this week that earnings could pick up? >> definitely. they had a lot of problems at the end of last year because trading slowed down but once you get into the real economy it's still a very slow economy but getting better so overall we think earnings are going to beat expectations. >> what about energy? analysts have been lowering their expectations but are expectations so low that some of these energy companies could beat expectations? >> that's the one bad spot for earnings is the energy sector. i have been talking about how wall street sub primes technologies. we wrapped them in the same way we wrapped mortgages last cycle. with structured finance deals implode it stays down. i
after the bell it's all about ibm and netflix. tomorrow american express, ebay report after the close. thursday thursday,verizon. brian reynolds is still with us. it's been a bumpy start to the earnings season given the mixed message banks were telling us last week but do you think with the focus more on the consumer netflix, mcdonald's, others reporting this week that earnings could pick up? >> definitely. they had a lot of problems at the end of last year because trading slowed down but...
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Jan 30, 2015
01/15
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it is the very thing that is pressuring companies like ibm hewlett-packard and microsoft. kim, great to see you. you have been working on this for a couple of years now. aws is a beast. >> it is, and it was nice to hear them talk about the potential to see that broken out more clearly on the call last night. i think before the next quarter's report, we probably can it specs some historical financials. in addition, they have -- expect some historical finance else. in addition, they have given a little bit more clarity. >> every ceo when they talk about amazon web services say if they are not hosting their business on it, they are being threatened by it. ibm says they would march into a company with consultants, software, servers, and now the company will say yeah, we are just going to rent from amazon. >> there is a lot of talk about the pressure on aws from a pricing standpoint. it's a fairly commoditized business. amazon understands that as cto's leverage that structure that audience seems to be capped in terms of consumers. amazon is trying to create more of an infrastru
it is the very thing that is pressuring companies like ibm hewlett-packard and microsoft. kim, great to see you. you have been working on this for a couple of years now. aws is a beast. >> it is, and it was nice to hear them talk about the potential to see that broken out more clearly on the call last night. i think before the next quarter's report, we probably can it specs some historical financials. in addition, they have -- expect some historical finance else. in addition, they have...
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Jan 16, 2015
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if not ibm will head down to 125 in the straight line. i think a lot of people will request whether warren buffett's loyalty is going to remain. wednesday we here from a key dow component, that's united health. they are an hmo, if unh has growth in the age of obama care you'll see a boost in all things health care related. i don't believe how important this report is going to be and how little people focus on united health. we also get results from another united, united rentals, uri, it's big equipment, rent it and capital goods and crushed by the decline in oil because it happens to have an oil service arm. almost like if they close it the stock would go back to 120. if united rentals says you're way too negative you might see an eruption in the upside in all things machinery. one that i care about, general dynamics, the defense stocks were the strongest group in the market going into 2015 even stronger than health care. the company talked about how other countries are arming themselves and not relying on the united states as a protecto
if not ibm will head down to 125 in the straight line. i think a lot of people will request whether warren buffett's loyalty is going to remain. wednesday we here from a key dow component, that's united health. they are an hmo, if unh has growth in the age of obama care you'll see a boost in all things health care related. i don't believe how important this report is going to be and how little people focus on united health. we also get results from another united, united rentals, uri, it's big...
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Jan 20, 2015
01/15
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. >> ibm laid people off and they're missing estimates. obviously should be laying more people off. >> lay more people off because they're in a tough situation. what would be wrong with schlumberger not buying back a billion dollars in stock, laying off the 9,000 people. the oil rigs go down anyway. what would be wrong for having stock go down for a while if you are the major ceo of a major company. >> we know that oil rigs are -- >> it depends if you're borrowing money to buy back the stock. that's the key here. the top oil companies have borrowed money when. rates go up, i don't think it will happen now, but it will happen. >> it depends when you bear, historically companies pick the top when they load up on their own stock. what i'm saying, paul, i'm trying to convince people to invest in the market long-term. when a company is micromanaging share prices to the point they're in an oil patch, collapsing, they find a need to spend a billion dollars on their own stock while firing 9,000 people. is that okay with you? >> yeah, if you're the
. >> ibm laid people off and they're missing estimates. obviously should be laying more people off. >> lay more people off because they're in a tough situation. what would be wrong with schlumberger not buying back a billion dollars in stock, laying off the 9,000 people. the oil rigs go down anyway. what would be wrong for having stock go down for a while if you are the major ceo of a major company. >> we know that oil rigs are -- >> it depends if you're borrowing money...
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Jan 28, 2015
01/15
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and he talked about conference call with analysts about the partnership with ibm as apple works to push the ipad harder into the enterprise. >> i think the partnership with ibm and the work that we have going on in the enterprise is profound. i think we're really going to change the way people work. i'm excited about the apps that are coming out and how fast that -- the partnership is getting up and running. >> now by the way, cook hinted at a final reason for optimism saying that he knows what's in that ipad pipeline and in his words he feels very, very good about what's coming. carl, back to you. >> all right. she nice. thanks so much, josh. josh lipton in san jose on the apple quarter. for more let's bring in analyst jeffrey to talk about what went right mostly and the few things that did go wrong. your thoughts on the overall phone strength, the margin strength and how long that could last? >> it was an amazing quarter. i think we had some inkling volumes would be good but the asps setting prices on the gross margins were incredibly strong. obviously apple tends to have strong first
and he talked about conference call with analysts about the partnership with ibm as apple works to push the ipad harder into the enterprise. >> i think the partnership with ibm and the work that we have going on in the enterprise is profound. i think we're really going to change the way people work. i'm excited about the apps that are coming out and how fast that -- the partnership is getting up and running. >> now by the way, cook hinted at a final reason for optimism saying that...
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Jan 28, 2015
01/15
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a list that includes ibm, boss ginni rometty, mcdonald's ceo don thompson, yahoo!'s marissa mayer who who we were talking about, maybe getting off the hot seat, and twitter's dick costolo. the new ceo microsoft's satya nadella, caterpillar's doug glass owe ber hellmann. >> fair or not? >> i don't think microsoft is fairp one quarter. just come in. a huge ship to turn. he said the right things with the exception of women in the work place he's been good. on cat that would have been my first entry into the ceo wall of shame. >> [ inaudible ] for a long time. >> would you take a look at how many quarters cat has missed going back three years. not just going back this past quarter. i thinks his time is up and should move on and great stock for an activist because there are so many parts there. >> i agree with steve. how many times have we heard they just don't seem to have that vision. every quarter seems to be a surprise when they miss and very little, any kind of -- >> seem so out of it touch. >> completely out of touch. suddenly energy, mining, whatever. there always
a list that includes ibm, boss ginni rometty, mcdonald's ceo don thompson, yahoo!'s marissa mayer who who we were talking about, maybe getting off the hot seat, and twitter's dick costolo. the new ceo microsoft's satya nadella, caterpillar's doug glass owe ber hellmann. >> fair or not? >> i don't think microsoft is fairp one quarter. just come in. a huge ship to turn. he said the right things with the exception of women in the work place he's been good. on cat that would have been...